Accounting Fundamentals for Health Care Management

Chapter 12 Test your knowledge

1. For a for-profit corporation, what are the main categories of owners' equity?

2.For a Non-for-profit organization, what are the three classes of owners' equity?

3. Why might the excess of revenues over expenses be of particular interest to a financial statement user rather than the increase in restricted net assets?

5. What does the statement of cash flows tell us that looking at the change in cash on the balance sheet does not?

6. Should each of the sections of the cash flow statement show an increase in cash for a healthy organization?